L’AINE Foundation, a non-governmental organization focused on empowering young people and promoting business development, recently organised a training course for Ghanaian entrepreneurs. The programme was aimed at promoting sustainability and exposing entrepreneurs to various job prospects in the country. The course, themed “Understanding the Core Strategic Choices Facing Startups in Ghana,” provided attendees with the necessary skills needed to make informed business decisions.
During his welcome presentation, Mr James Laar, Managing Director of L’AINE HR, emphasised that starting a business requires hard work, dedication, and a clear understanding of the strategic choices needed to succeed. He urged participants to use the training programme to network and develop support systems.
Ms Anne Ethel Komlaga, Executive Director of Enterprise Bureau, a business incubator for developers, stressed that Small and Medium Enterprises (SMEs) contribute significantly to African economies, accounting for 70 to 90 percent and providing around 80 percent of job opportunities. She advised entrepreneurs to investigate local markets, use the appropriate technology, network, and build partnerships to grow their businesses.
Mr Reginald Sakitey, Internal Auditor of L’AINE HR, advised entrepreneurs to create budgets with predicted inflows and outflows and stick to them to avoid running out of money. He also emphasised the importance of compliance and avoiding penalties that could lead to the closure of businesses.
For the most part, the training programme was successful in equipping entrepreneurs with the necessary skills to grow their businesses sustainably. L’AINE Foundation is committed to promoting entrepreneurship and business development in Ghana, and this training programme is one of the ways it is achieving this goal.